In this era of information explosion, how to discover the next top project among thousands of Web3 projects is the ability that every investor and developer dreams of. So how do we cultivate this judgment and foresight? Here I try to summarize some specific suggestions.
First, closely following the early investment projects of top VC institutions is an effective method.
Top investment institutions such as a16z, Paradigm, Coinbase Ventures have professional analysis teams that can identify the embryonic form of unicorn projects earlier. Their investment portfolios include early targets that have become billion-dollar projects today, such as Avalanche, Solana, Polygon, etc. Studying their early investment rationale reports can improve one's judgment.
Secondly, pay attention to early projects with rapidly increasing transaction volume displayed on Web3 project ranking websites such as DappRadar.
These projects often have strong technological innovation power and potential user demand. For example, in the Solana ecosystem, there are multiple GameFi projects with transaction volume increases of over 100,000%. Selectively investing in them can yield considerable returns. The key is to pay attention to the economic incentive mechanisms designed by the projects themselves and combine them with one's own judgment of the market.
Furthermore, we need to broaden our horizons and pay attention to new areas that have the potential to become standards in terms of technology and have the ability to disrupt the existing landscape in terms of business.
For example, decentralized storage, privacy computing, admission tokens, and other areas that are currently gaining momentum. The pioneers in these fields, such as Filecoin and Keep Network, have great potential for growth.
Lastly, actively participating in Web3 community discussions is also crucial. For example, the frequency of GitHub submissions and the atmosphere of community discussions can reflect the intrinsic vitality of a project. This requires us to maintain an open and proactive learning attitude in order to absorb more high-quality information.
Discovering the next future giant requires keen insight, but more importantly, a persistent learning attitude. Let us wait and witness the next century of prosperity and rise of Web3!